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| The bankruptcy filing is picked up and noted by several commercial
credit reporting companies. Federal law limits the length of time
that this information may be carried on a report. As of 1997, the
limit on reporting a bankruptcy filing is 10 years. Also, the law
prevents certain governmental units and agencies from discriminating
against persons who have filed bankruptcy. Again, a lawyer can give
you guidance in this area.
Many people find that if, after filing bankruptcy, they promptly make the payments they are left with, such as car payments, house payments, rent or utility payments, they can re-establish their credit in about 2 years time. However, individual credit ratings are based on overall credit history, as well as income and assets, and it may be harder for some people to re-establish a good credit rating than it is for others. Disclaimer |
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Case
Archive |
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Robert
C. Furr |
Charles I. Cohen |
Alvin S. Goldstein |
Marc P. Barmat |
Alan R. Crane |
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